A strong dollar has seen all US locations rise by an average of 18 places, says the report, with eight featured in the top 50 and New York returning to the top 20 for the first time in four years.

The US performance has knocked seven European locations out of the top 100 most expensive.

Steven Kilfedder, production manager at ECA International, said: “The strength of the dollar has made the US more expensive for workers and businesses looking to move to the country. On the other hand, US companies are benefitting from the cheaper cost of sending staff abroad to locations in Europe and China.”

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